PwC Africa has reported a 3.4 per cent increase in revenue to US$546 million (approximately KSh70.5 billion) for the financial year ended June 30, as the firm expanded its investment in artificial intelligence and announced a change in its top leadership.
In a statement on November 11, the professional services firm said the growth was recorded despite challenging economic conditions, with investments in technology, workforce training and services across its African markets contributing to its performance.
PwC Africa reported that more than 7,000 professionals completed artificial intelligence training during the financial year, while about 70 per cent of its workforce gained access to Microsoft 365 Copilot.
“PwC Africa has reported revenue growth of 3.4% to US$546 million for the financial year ended 30 June 2026, delivered against a challenging economic backdrop and underpinned by continued investment in artificial intelligence (AI) and connected expertise across its 13-country network,” PwC Africa said.
The firm also approved more than 10 secure artificial intelligence tools for enterprise use as it expanded the technology’s application in its internal operations and client services.
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PwC Africa Expands AI Investment
PwC Africa said it had adopted a ‘client zero’ approach, under which it first implements artificial intelligence within its own operations before applying the lessons and capabilities to services offered to clients.
The approach is being used across its Assurance, Advisory, and Tax and Legal Services divisions.
Dion Shango, PwC Africa Territory Senior Partner, said artificial intelligence and data were changing how businesses operate and create value across the continent.
“Across Africa, the way value is being created is changing. Data and AI are expanding access to insights and capabilities, changing how and where value is created and flows,” Shango said.
He added that businesses increasingly needed to rethink their priorities, operating models, and the skills their employees need as traditional industry boundaries continue to blur.
Michal Kotzé, PwC Africa Clients and Markets Leader, said clients face complex challenges that require expertise from different industries and professional fields.
He said the firm’s network across Africa and globally allowed it to combine different capabilities to help businesses respond to changing market conditions and make decisions.
PwC Africa’s Performance and Workforce
The annual review also outlined the firm’s workforce and sustainability performance.
PwC Africa reported that women made up 55 per cent of its workforce, while greenhouse gas emissions declined by 49 per cent.
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The firm operates in 13 African countries, with more than 385 partners and about 10,000 professionals across more than 31 offices.
Kang’e Saiti, Regional Chief Executive Officer of PwC East Market Area, which includes Kenya, Uganda, Tanzania, Rwanda and Mauritius, said economic growth in East Africa was increasingly being driven by regional connections, private-sector investment and infrastructure development.
He said businesses were also seeking expertise that extended beyond individual national markets as artificial intelligence and other emerging technologies changed how they operated and competed.
Saiti added that PwC’s presence in individual countries, combined with its wider African and international network, positioned it to respond to the changing needs of clients.
PwC Africa Announces New Territory Senior Partner
Separately, PwC Africa announced that Michal Kotzé had been elected as its next Africa Territory Senior Partner.
He will take over the position on July 1, 2027, succeeding Dion Shango, whose eight-year maximum term ends on June 30, 2027.
“PwC Africa announced that Michal Kotzé has been elected as the firm’s next Africa Territory Senior Partner, effective 1 July 2027. He will succeed Dion Shango upon completion of Shango’s maximum eight-year term on 30 June 2027,” PwC Africa said.
Kotzé’s election followed the firm’s governance process, which included partner nominations, governance vetting and a vote by partners across the African territory.
In his new role, Kotzé will lead PwC Africa’s strategic direction in line with the wider PwC Network strategy.
He will work with regional chief executives across the East, South and West market areas, focusing on maintaining professional quality, ethics and stakeholder trust.
The leadership transition will mark the end of Shango’s tenure, which began in 2019.
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